Selling Apple Stock Would Be A 'Historically Wrong Move,' Says Wedbush's Dan Ives: 'We View This As A Buying Opportunity'
Portfolio Pulse from Benzinga Neuro
Wedbush analyst Dan Ives advises against selling Apple Inc (AAPL) stock, highlighting the company's upcoming AI developments as a significant growth opportunity. Despite a 24% decline in iPhone sales in China and mixed reviews on AI initiatives like the Vision Pro headset, Ives views the current situation as a buying opportunity for Apple. He remains optimistic about Apple's future, especially after the company decided to abandon its EV project.
March 06, 2024 | 1:53 am
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Dan Ives of Wedbush suggests holding or buying Apple stock, citing upcoming AI developments as a key growth driver despite recent sales challenges in China and mixed AI project reviews.
Ives' recommendation is based on the potential of Apple's AI developments to significantly impact its stock value positively. Despite a recent sales slump in China and mixed reviews on AI projects, the strategic shift away from the EV project and a focus on AI are seen as positive moves. The analyst's optimism and historical context suggest a potential rebound or growth in Apple's stock, making it a buying opportunity.
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